Tuesday, May 27, 2014

Having called for a correction, I have been abundantly wrong. A correction is typically defined as a market downturn of 10 percent or more. I am probably going to be wrong continuing to expect one. It's best to err on the side of remaining quietly bullish. People have been calling for corrections for the past five years and the corrections don't seem to occur. Every time you think you're about to have a correction, you get a one or two or three percent lower and then you move to new highs.Via - Dennis Gartman on CNBC http://www.cnbc.com/id/101705149

Thursday, May 22, 2014

If you did, you just got bloody lucky. But there will be times when you get panic selloffs that my propensity then will be say, 'I shall begin to buy some. If it works I'll buy more.via http://www.cnbc.com/id/101692211

Tuesday, May 13, 2014

I think the base metals are telling you the world itself is going to do better.

Nickel is strong. Copper is strong. Tin is strong. Aluminum is strong. All of them are pointing upward. I think there is more going on here than merely a hope that China is going to do better. China is going to do fine.

Monday, May 12, 2014

Thursday, May 8, 2014

"I think that what government in the United States needs to do is take the only weapon that it has, which is crude oil. And a sizable chunk of that crude oil is tied up in the Strategic Petroleum Reserve. If I were the president of the United States, knowing that the only weapon that I have—I can't do any further sanctioning, Germany and France won't agree with it, Belgium won't agree with it—I'd release crude oil from the SPR.""That would do a lot of damage to Russia. That would do a lot of benefit to consumers everywhere, especially with an election coming up."Article via CNBC http://www.cnbc.com/id/101647330

Wednesday, May 7, 2014

"Perhaps what one might want to do [is] buy gold and sell crude oil against it. That might be the next big trade."On Gold and why it could go higher"I think Friday's activity was very important. You made a new low, then you rallied very hard—an outside reversal day as the technicians say—and as long as that outside reversal holds, you have to use any period of weakness to be a buyer."

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